User:Stelio/Actuarial/August Zillmer

August Zillmer (born 23 January 1831, died 22 February 1893) was a Prussian actuary, and a director in several life insurance companies. He was highly influential in the German-speaking actuarial world, and is known in particular for Zillmerisation (a reserving approach that reduces the amount of capital that needs to be held when a life insurance contract is first taken out, by spreading the impact of initial expenses over the lifetime of the policy). He wrote the first comprehensive actuarial mathematics text since the work of Tetens in 1786.

Life
The son of a bricklayer, August Zillmer was born in 1831 in Treptow an der Rega (modern day Trzebiatów, Poland), then part of Prussia.

He died in Berlin in 1893, aged 62.